Finance is undoubtedly one of the most important elements of an organization, but most are familiar with the hassle and stress of conducting quarter-, month- and year-end reporting.
One company working to alleviate this is insightsoftware, specializing in financial and operational reporting, BI, budgeting and EPM software. This software company has created a comprehensive reporting solution, Spreadsheet Server, that works directly in Excel.
One of the organizations that has recently benefited from this solution is the Raleigh-Durham Airport Authority, a North Carolina transportation department managing one of the state’s four international airports.
The airport authority was drawn to Spreadsheet Server as part of its need to empower finance users and lessen reliance on IT while adopting enhanced multi-step reporting processes and timely report creation.
To address its existing business challenges – such as the need to re-enter data from the ERP system into spreadsheets and handle manual reporting – the Raleigh-Durham Airport Authority evaluated and ultimately chose Spreadsheet Server to enhance its chances of success and accelerate its reporting processes.
By using Spreadsheet Server for its financial and general ledger reporting, including job costing and procurement modules, the Authority achieved its goals of enabling users to generate their own reports with less reliance on IT and streamlining daily processes.
“Spreadsheet Server vastly reduced the amount of time we take to produce reports, freeing up time for higher-level tasks,” Steve Golden, financial analyst at Raleigh-Durham Airport Authority, said.
Some particular reporting processes that benefited from the use of Spreadsheet Server include month-end close and management/ board reporting packages, data extraction from an ERP or relational database and reporting outside the general ledger, inventory, manufacturing, sales, purchasing and projects.
This case study shows how using modern solutions designed to address specific organizational challenges can elevate the finance reporting process by reducing reliance on IT and enhancing overall efficiency.
